OECD Economics Department Working Papers

Productivity and finance: the intangible assets channel - a firm level analysis

DOI:https://doi.org/10.1787/d13a21b0-en

Using a cross-country firm level panel dataset from 1995 to 2015, this paper revisits the finance–productivity nexus by looking at the role of intangible assets. It argues that due to their specific characteristics, such as valuation uncertainty and lower pledgeability, financing the purchase...



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